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It may yet be necessary for the municipality to enter the field as a competing landlord on the five-per-cent basis; but I would rather we, as a community, learned first a little more of the art of governing ourselves without scandal. With Tammany liable to turn up at any moment no, no! Political tenements might yet add a chapter to the story of our disgrace to make men weep.

Seeing that for such direct accusation before witnesses, if false or even mistaken, I should myself in a certain sense be made responsible, I am aware of that. This morning I changed for my own purposes several five-per-cent securities for the sum of approximately three thousand roubles. The account is noted down in my pocket-book. On my return home I proceeded to count the money as Mr.

Direct primaries, caucuses regulated by law, the mode of nomination, nomination papers to be filed in a certain manner, the compulsory service of men as candidates unless they comply with precise formalities of resignation, the joint caucus and the separate caucus, the public nomination paper, the one-per-cent., three-per-cent. or five-per-cent. rule whereby a party gains such official recognition only by throwing such a percentage of votes at some previous election in short, all the mass of legislation of this kind is the matter of the last few years.

"Strange to relate, you haven't received a cent of that five-per-cent commission due you from the North and South American Steamship Company for buying the Bavarian for them. The issue is in dispute.

"Now, gentlemen," he said, declining the chair which Higgs offered to him, apparently because, from long custom, he preferred his wooden-soldier attitude against the wall, "as a humble five-per-cent. private in this very adventurous company I'll ask permission to say a word." Permission was given accordingly, and the Sergeant proceeded to inquire what weight of rock it was wished to remove.

He had it all figured out into big money; but of course I couldn't tell whether he had a sure thing, or was just exercisin' squirrels in the connin' tower. "Ten millions a year," says he, "and I am offering to put this process in operation for a five-per-cent. royalty! I've been a mine superintendent for twenty years, young man, and I know what I'm talking about."

"I'd make him out a plan providing for the investment of his $800,000 in five-per-cent, gold bonds, which would bring him in an income of $40,000 a year; after which I should call his attention to the fact that $40,000 a year would enable him to take 10,000 poor children out of this sweltering city into the country, to romp and drink fresh milk and eat wholesome food for two weeks every summer from now until the end of time, which would build up a human structure that might be of more benefit to the world than any pile of bricks, marble, and wrought-iron I or any other architect could conceive of," said the Idiot.

My own custom we are all of us doctors of a sort in this country is to instil a few drops of a five-per-cent solution of cocaine, which gives immediate temporary relief, and then apply frequent washes of boric acid, bandaging up the eyes completely in bad cases by cloths kept wet with the solution. But I do not know that it brings better result than the lead treatment.

When "the billion-dollar trust" the United States Steel Corporation was formed, Mr. Carnegie sold his interests in the Carnegie plants to the new concern for two hundred fifty million dollars, and took his pay in five-per-cent bonds. It was the biggest and cleanest clean-up ever consummated in the business world. As a financial get-away it has no rival in history.

Pyotr Petrovitch so enjoyed hearing his own praises that he did not disdain even such virtues when they were attributed to him. Pyotr Petrovitch had had occasion that morning to realise some five-per-cent bonds and now he sat down to the table and counted over bundles of notes.